BARUCH RECEIVES A MAJOR GIFT FROM THE FINANCIAL WOMEN’S ASSOCIATION

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New York, NY - October 11, 2006--President Kathleen Waldron announced today that Baruch College has received a gift of $225,000 from the Financial Women’s Association (FWA) to support student scholarships.

The gift reflects the generosity of both the FWA and BMO Capital Markets (formerly Harris Nesbitt). BMO Capital Markets designated $225,000 from a day’s institutional equity trading commissions to the FWA, and the FWA elected to use these funds at Baruch College.  This is the second year in a row that FWA has supported Baruch College by designating the college as the recipient of the scholarship funds it received from BMO Capital Markets.  

Kristin McDonough, chair of the FWA Scholarship Committee and Director of the New York Public Library’s Science Industry and Business Library, cited the “very strong, very successful,” mentoring relationship that exists between the FWA and Baruch College students as the prime reason the gift was made.  “We believe in the institution and we want to support it,” McDonough stated.

As a direct result of the initial BMO Capital Markets FWA gift of $200,000 in 2005, two Baruch undergraduates, Carolina Gonzalez ’07 and Lynda McLaughlin ’07, have been named 2006 winners of BMO Capital Markets FWA scholarships.  In addition, Tania Tomopoulous, an MBA candidate is this year’s winner of the FWA Graduate Scholarship in Business.  The FWA has awarded MBA scholarships each year since 1983. 

Since June 2004, the FWA and Baruch have collaborated on a mentoring program for young women who plan careers in the financial sector. A group of 13 new students has been accepted into the program for 2006-7, bringing the total number of participants in this highly selective program to 30 students and 30 mentors.  Each pair is carefully matched. The program enables students to develop a one-on-one relationship with a successful professional woman who can offer invaluable guidance and “a leg up” as the student prepares for her future career in the highly competitive world of finance.  The BMO Capital Markets gift enabled undergraduate scholarships to be awarded in conjunction with this mentoring program for the first time.

Baruch is the only college at which the FWA runs a mentoring program. The Zicklin School of Business at Baruch is the nation’s largest undergraduate business school and was recently ranked one of the nation’s top business schools by The Princeton Review.  Kathleen Waldron, president of Baruch, had a long and successful career in the financial services industry before reentering the academic world.

 About Baruch College

 Baruch College has an over 150-year history of excellence in public higher education with an emphasis on business. It is an award-winning, diverse institution and a senior college in The City University of New York system, the nation’s leading urban public university system. Baruch draws bright and ambitious students who are serious about preparing themselves to succeed.

Baruch offers undergraduate and graduate programs of study through its three schools: the Zicklin School of Business, the Weissman School of Arts and Sciences, and the School of Public Affairs. The College also offers non-degree and certificate programs through its Division of Continuing and Professional Studies.

About the Financial Women’s Association

The Financial Women’s Association is a 50-year old organization that brings together high achieving professionals from every sector of the financial world. It is dedicated to developing future leaders, enhancing the role of women in finance, and investing in the community.

 Contact: Carol Abrams, Chief Communications Officer, (646) 660-6105 or Lara Moon, Communications & Marketing, (646) 660-6093.